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Friday, September 11, 2015
Moody's Investors Service is challenging a US$3 million fine by Hong Kong's securities regulator, which accuses the credit rating agency of misconduct over a 2011 report that flagged potential problems at mainland Chinese companies.
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Mainland China plans to launch a yuan-denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.
Wednesday, September 9, 2015
Shanghai and Hong Kong led most Asian markets up in another volatile day Tuesday after mainland Chinese data showed imports and exports sank in August, adding to concerns about the economic giant that have convulsed global equities.
Tuesday, September 8, 2015
Mainland China's central bank governor and its market regulator have admitted that there were "bubbles" on the country's stock exchanges, after a spectacular rally was followed by a painful bust, but said the routs were coming to an end.
Saturday, September 5, 2015
China's stock rescue jolts companies, reform plans
Tonhe Electronics is a casualty of Beijing's frantic effort to stop a stock market bust. The maker of electrical equipment, part of a technology industry the ruling Communist Party wants to promote, hoped to raise 200 million yuan (US$32 million) from an initial public offering of stock to build a research and development center.
Mainland China's market regulator has fined three companies, including Alibaba-linked Hundsun, a combined 453 million yuan ($71 million) for conducting "illegal securities business," which has been blamed for volatility on the plunging markets.
Friday, September 4, 2015
World finance ministers and central bankers gather in Turkey this weekend to grapple with the fallout of slowing growth in mainland China, tanking emerging economies and panicked global stock markets.
Wednesday, September 2, 2015
Mainland Chinese manufacturing showed further signs of weakness in August, adding to evidence of an inexorable slowdown in the world's No. 2 economy despite recent government efforts to support growth.
Sunday, August 30, 2015
China on Saturday scrapped a two-decade limit on the percentage of funds banks can lend out relative to deposits, state media reported.
China's pension funds do not have the obligation to prop up or rescue the country's turbulent stock market, a top official said on Friday amid popular expectations for the funds to do so.
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